When will you be on CNBC again? #inflation
Congress passed a bipartisan bill Wednesday to end the partial government shutdown after 16 days and avoid default. President Obama quickly signed it into law.
House Republican leaders agree to fund government through Dec. 15, allowing contraception foes another crack at blocking Obamacare.
“No support until they solve debt ceiling and shutdown in an appropriate fashion. The implications for 2014 are real and very troubling,” warns Wylde.
The former Republican presidential candidate delivered this eerily accurate warning last year. The video surfaced Tuesday night during a Fox News interview.
A new “clean” debt limit measure drafted by Senate Democrats would extend the nation’s debt ceiling through the end of 2014 and simply provide the president authority to pay the nation’s debts.
After insisting for weeks he won’t negotiate with “a gun to [his] head,” the president tries to give Republicans a way out. But he wants the country to know he’s being the reasonable one.
It’s the end of the world as we know it and James Rickards, an author and senior managing director at merchant bank Tangent Capital, feels fine.
Are we ready to do it again?
“They’re focused on trying to mess with me,” Obama said in Kansas City.
The war of words over the debt ceiling heats up. Update: Boehner’s top spokesperson shoots back.
On Wednesday, Obama returns to the site of a 2005 economic speech in Illinois to make his pitch “that the American economy works best when it grows from the middle out, not the top down,” according to the White House. The speech was previewed in a White House video Sunday night.
The threat of looming conservative primary challenges has kept scores of Republicans away from compromising on immigration and other issues. But it’s a myth.
House Democratic leaders derided Wednesday’s bill extending the debt limit, while the White House and Senate Democrats offer their support. Whither the disconnect?
Suspension would last until May 19. Sequester and a continuing resolution to fund the government remain in flux.
Hoping to build off GOP’s fiscal cliff collapse, Obama accuses them of making America a “dead beat nation.”
“If the House and the Senate want to give me the authority, so that they don’t have to take these tough votes; if they want to put the responsibility on me to raise the debt ceiling, I’m happy to take it.”
Can the 113th U.S. congress win back the hearts of America? Probably not, but here’s how our lawmakers can become a little more popular than head lice.
Despite Obama’s insistence that he won’t let the issue become an argument, Boehner told Republicans “a debate is already underway,” according to a source.
On cuts to spending, at least. “The devil’s in the details,” says Rep. McMorris Rodgers.
Once more, without feeling.
“I don’t think they ought to rule it out,” Durbin says. But they did anyway.
White House says Congress must act.
Republicans took advantage of a 2011 video of Obama Wednesday noting there was a time when the President thought obtaining $1.2 trillion in revenue without raising taxes was possible.
“We addressed that and there was no threat of default at the time,” White House Press Secretary Jay Carney says of Obama’s 2006 vote against raising the federal borrowing limit.
“It’s totally inadequate,” Cornyn says. GOP balks as administration aims to end congressional power control over the debt ceiling.
This should be required viewing for every member of Congress and all the White House staff, President Obama included. NSFW due to language contained in this epic scolding. Click here to see more of Felonious Munk’s videos.
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Don’t watch this if you’re in a good mood. Knowing how and why our government created and responded to the debt crisis doesn’t make it easier to stomach.
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But the Congress still has to vote on it. Our long, national, self-inflicted nightmare is (almost) over.
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